Canadian canola futures fall

ICE Canadian canola futures eased on Thursday, pressured by weakness in soyaoil futures and on commercial hedges. With an 11-day canola rally halting earlier this week, farmers have picked up the sales pace, a broker said. Soya prices were pressured by US Department of Agriculture (USDA) forecasts of higher stocks, spilling over to canola. Most-active May canola lost 40 cents to $521.80 per tonne. ICE Futures Canada said there were 100 deliveries on Thursday of the expiring March contract. May-July canola spread traded 1,865 times.